Delayed gratification refers to a decision-making orientation that is willing to give up immediate gratification for more valuable long-term results, as well as the self-control ability demonstrated during the waiting period. Its development is a necessary condition for individuals to complete various tasks, coordinate interpersonal relationships, and successfully adapt to nature.
Simply put, the psychology of "delayed gratification" is learning to wait. It is the ability to overcome current difficult situations and strive to obtain long-term benefits.
What is delayed gratification? For example, in the experiment, if you wait for half an hour, you will be given a piece of candy, and if you wait for an hour, you will be given three pieces of candy. In terms of investment, you buy a fund for one day and get one day's income. But when you invest for a long enough time, you will get more benefits.
However, in reality, there are many cases where you cannot wait.
Many people would rather get a small profit in the near future than wait for a longer time to get a larger return in the future.
The root cause is that psychologically, we tend to feel anxious and irritable easily when faced with uncertain news.
People tend to choose the former between a short wait and a certain result, and a long wait and an uncertain result.
But we all know that investment is a long-term battle and a confrontation with human nature. In the short term, we cannot know the rise and fall of the market, but by extending the time axis, we can share the benefits brought by the country's economic prosperity, enterprise development and social progress.
Danbin compares investment to "the rose of time". The biggest advantage of investment is to gain compound interest through time. Einstein once said that compound interest is the eighth wonder of the world.
Delayed gratification is a kind of compound interest thinking, which can make us more self-disciplined, strong, confident, and brave enough to face challenges.
Everyone is an independent individual, and there are certain differences in self-control abilities between people. The self-control ability of delayed gratification is a comprehensive ability for individuals to appropriately control and regulate their own behavior, restrain impulses, resist temptation, delay gratification, and persevere to ensure goal achievement without external supervision.
Perhaps, you think that you are not born with the psychology of delayed gratification. It doesn't matter, it can be cultivated and improved gradually the day after tomorrow. It's like everyone doesn't actually know themselves as well as they imagine, but they can still gradually know and understand a more authentic self through continuous learning and training.
tests to see if you have a delayed gratification mentality in investing? If you are not sure, you may wish to compare the following:
1. In life, are you accustomed to delayed gratification or instant gratification?
2. Can you endure the current environment in order to achieve your long-term goals?
3. Can you limit your other desires in order to achieve your long-term goals?
4. Before achieving long-term goals, do you tend to make a master plan first or do you act hastily or haphazardly?
5. Looking back over the years, have you always persisted in doing things or have you often given up halfway?
6. Can the sense of accomplishment after delayed gratification make you happier and more accomplished?
7. When you choose stocks/funds, do you prefer to do short-term band operations or , or take a long-term approach to catch big fish?
8. Do you think investment is the compound interest of time?
9. Do you like to follow what others say when investing, or do you prefer to formulate your own investment strategy based on your own knowledge?
10. If you agree with the concept of value investing (or long-term investing), can you do it and implement it in practice?
Through the above self-tests, if the eight or more items you selected are specific manifestations of delayed gratification, then congratulations, you have the psychology of delayed gratification in investment, and the door to financial freedom may have been opened to you.
Note: The market is risky, so be cautious when investing! This article is only for sharing data, content, etc. and does not constitute any investment advice.
